AMI Asset Management Corp Decreases Holdings in Ulta Beauty, Inc. (NASDAQ:ULTA)

AMI Asset Management Corp reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 3.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 98,862 shares of the specialty retailer’s stock after selling 3,213 shares during the period. Ulta Beauty comprises 2.1% of AMI Asset Management Corp’s investment portfolio, making the stock its 25th biggest holding. AMI Asset Management Corp’s holdings in Ulta Beauty were worth $38,469,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ULTA. LRI Investments LLC bought a new stake in Ulta Beauty in the first quarter worth about $31,000. UMB Bank n.a. increased its stake in shares of Ulta Beauty by 83.3% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 30 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Ulta Beauty in the 2nd quarter worth approximately $32,000. Paladin Wealth LLC bought a new stake in shares of Ulta Beauty in the 3rd quarter worth approximately $32,000. Finally, Crewe Advisors LLC bought a new position in Ulta Beauty during the first quarter valued at $44,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Down 0.1 %

Shares of Ulta Beauty stock opened at $379.84 on Wednesday. The business’s 50-day moving average price is $376.54 and its 200-day moving average price is $382.21. The firm has a market capitalization of $17.90 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 2.14 and a beta of 1.32. Ulta Beauty, Inc. has a 12 month low of $318.17 and a 12 month high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. Ulta Beauty’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the company posted $6.02 EPS. As a group, analysts predict that Ulta Beauty, Inc. will post 23.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ULTA. Robert W. Baird lowered their target price on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a research note on Friday, August 23rd. JPMorgan Chase & Co. boosted their price objective on Ulta Beauty from $450.00 to $472.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. The Goldman Sachs Group cut their price objective on shares of Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Finally, Loop Capital dropped their target price on Ulta Beauty from $520.00 to $450.00 and set a “buy” rating on the stock in a research report on Tuesday, September 3rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $420.71.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.